I just read an article by Forbes where the author - Brad Thomas - mentioned something regarding cap rates that has me confused.Quote - "As a REIT analyst, I use cap rates on a daily basis for comparing the values of various buildings that are bought and sold.

Been listening to the podcasts on my daily commute and learning a lot about the different ways/strategies people have invested in real estate.

Take those away or lessen them to reduce my taxes on ordinary income takes away the best opportunity that I have as an individual in the poor and middle class to financially succeed and it puts me in the daily grind where I have to be at the whims of market forces and other people's selfish decision making for my financial future.I am not a billionaire or corrupt...that's class warfare that creates divisiveness, which does not create opportunity for any of us in any class.There are consumers and there are investors and that is driven by each person's personal decisions.  

For specialized items I've used Postmates to deliver things so I don't have to make the trek such as a mini-fridge, coffee-maker and hair dryer on separate occasions - all from Target.  

I'm going through the zoning process as we speak.I've been listening to the podcasts almost daily for a little over a year and have been educating myself on REI much more than I ever have before.

http://realtormag.realtor.org/daily-news/2016/09/09/10-most-least-affordable-housing-markets?

I am not really sure how if it came on the MLS on 9/30, I didn't see it until 10/4 from both an automated listings that was being sent to me daily and also on realtor.com. 

This deal has more hair on it than just QCD:original owners were foreclosed upon by Fanny Mae;then the property was transferred or sold by Fanny to this bank;the bank has been sitting on it for 4 years and finally decides to sell, butin addition to QCD they want cash only (not even hard money);10% earnest money deposit - I have no problem with it if I can get it back in case the deal does not work out - but they allow forno option period and no contingencies of any kind!

ok I don't buy a lot of flips anymore, but I did some in Vista,and mostly north county if I come across a great one I buy it but I get a lot of deals in my desk daily I can send you some of the ones I don't take I am more focus on multifamily and land development now.

OK this is quite simple.your purchase price is 391k  seller pays the lien from their proceeds.. 203k gives you the 50k for rehab you move in..Are you not being represented by a competent RE broker.. this is really remedial real estate and not complicated at all.. and these things are handled daily as you would be surprised how many sellers have title that looks like a rap sheet   LOL.